Cloud aggregators combine multiple cloud services and offer them to customers as a combined package. The alternative for a company is attempting this in-house, which typically results in unmanageable cloud deployments across an organization.
The need for cloud aggregators is on the rise, but why settle for one cloud aggregator when you can have a network of them?
Current Market Problems
The traditional cloud computing market is dominated by a few key players like AWS, AZURE, and Google Cloud, leading to high costs and a lack of competition.
The growing demand for computational power is increasingly difficult to meet due to the limited availability of raw materials for hardware components like CPUs and GPUs.
Existing cloud models waste resources and harm the environment due to inefficient utilization and problematic hardware lifecycle practices.
40% unused computing power at data centers.
33% idle time during work.
75% overall idle time.
The solution
nuco.cloud is levering unused/idle computing power from established data centers and consumer devices worldwide making it...
Cost-effective because the distributed model reduces the cost of cloud computing by utilizing idle hardware resources.
Scaleable as the service can easily scale up or down based on the computational needs of users or businesses, allowing for flexible usage.
Sustainable by using unused computing resources, nuco.cloud contributes to sustainability and reduces electronic waste.
Resilient by using existing hardware, our service is resilient to supply chain disruptions in semiconductors.
Market Upside
If you didn't already know, cloud infrastructure services are the fastest-growing segment of enterprise spending on cloud computing.
In 2022, the total addressable market for Cloud Computing was 548.8 BN, and estimated in 2027 to reach 1,240.9 BN, mostly fueled by the growing AI & blockchain markets.
With the ongoing emphasis on sustainability and energy efficiency, the need for efficient use of resources in computing grows, creating an expanding market for cloud solutions like nuco.cloud.
Happenings 2024
nuco.cloud will have an interesting coming year with launching products, expansion of data centers, partnerships, and more. Not to mention, they cover the strongest narratives in the coming bull run, being #BigData #DePIN #RWA #AI .